Thursday, September 15, 2011

Priests for Life: Independent Auditors Issue Unqualified Audit Opinion for Priests for Life


On June 20, 2011, Priests for Life received the results of its independent audit examination for the year ended December 31, 2010. The organization's auditors issued an unqualified audit opinion indicating that the financial statements "present fairly, in all material respects, the financial position of Priests for Life, in conformity with accounting principles generally accepted in the United States of America". This marks the tenth consecutive year that the organization's auditors have provided a 'clean' audit opinion, when reporting on the respective year's financial statements.

"We are very pleased that our auditors have once again given us a clean bill of health. The audit examination did not result in any significant adjustments; nor did it disclose any material weaknesses in our system of internal controls", indicated Fr. Frank Pavone, National Director of the organization. 
Okay, so just what the heck is the issue then? Awaiting further information and scratching my head now. Is the issue that the Bishop wants to select his own auditor? This really is just not worth speculating about anymore.

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